AuMEGA Metals Announces Technical Committee and Board Member Retirement
AuMEGA Metals (OTCQB: AUMMF) announced the creation of a Technical Committee of the Board to strengthen strategic oversight of its exploration programs across its district-scale land position in Newfoundland and Labrador.
The Committee will include at least three directors with geological and mining expertise, will work with management and the technical team, and will liaise with strategic shareholders on exploration priorities and long-term value creation. The company also announced that Kerry Sparkes will retire from the Board effective 30 November 2025; Sparkes joined as technical advisor in June 2021 and was appointed to the Board in September 2022, most recently serving as Chair of the Remuneration and Nomination Committee.
AuMEGA Metals (OTCQB: AUMMF) ha annunciato la creazione di un Comitato Tecnico del Consiglio per rafforzare la supervisione strategica dei suoi programmi di esplorazione lungo la sua posizione territoriale su scala distrettuale a Terranova e Labrador.
Il Comitato comprenderà almeno tre amministratori con competenze geologiche e minerarie, lavorerà con la direzione e il team tecnico, e si relazionerà con gli azionisti strategici sulle priorità di esplorazione e sulla creazione di valore a lungo termine. L'azienda ha anche annunciato che Kerry Sparkes si ritirerà dal Consiglio con effetto dal 30 novembre 2025; Sparkes è entrato come consigliere tecnico nel giugno 2021 ed è stato nominato al Consiglio nel settembre 2022, ricoprendo più recentemente la carica di Presidente del Comitato per la Retribuzione e la Nomina.
AuMEGA Metals (OTCQB: AUMMF) anunció la creación de un Comité Técnico de la Junta para fortalecer la supervisión estratégica de sus programas de exploración a lo largo de su posición territorial de escala distrital en Newfoundland y Labrador.
El Comité incluirá al menos tres Directores con experiencia geológica y minera, trabajará con la dirección y el equipo técnico, y se coordinará con accionistas estratégicos sobre prioridades de exploración y creación de valor a largo plazo. La empresa también anunció que Kerry Sparkes se retirará de la Junta a partir del 30 de noviembre de 2025; Sparkes se unió como asesor técnico en junio de 2021 y fue nombrado para la Junta en septiembre de 2022, desempeñando recientemente como Presidente del Comité de Remuneración y Nominación.
AuMEGA Metals (OTCQB: AUMMF) 는 Newfoundland와 Labrador의 분지 규모 토지 보유에 걸친 탐사 프로그램에 대한 전략적 감독을 강화하기 위해 이사회 기술위원회를 설립했다고 발표했다.
위원회에는 지질 및 광업 전문 지식을 가진 최소한의 이사 3명이 포함되며 경영진 및 기술 팀과 협력하고 탐사 우선순위 및 장기 가치 창출에 대해 전략적 주주와 연락할 것이다. 또한 회사는 Kerry Sparkes가 2025년 11월 30일부로 이사회에서 은퇴한다고 발표했다; Sparkes는 2021년 6월에 기술 고문으로 합류했고 2022년 9월 이사회에 임명되었으며 최근에는 보상 및 선임위원회 의장을 역임했다.
AuMEGA Metals (OTCQB: AUMMF) a annoncé la création d’un Comité technique du conseil afin de renforcer la supervision stratégique de ses programmes d’exploration sur sa position foncière à l’échelle du district à Terre-Neuve-et-Labrador.
Le Comité comprendra au moins trois administrateurs disposant d’une expertise géologique et minière, travaillera avec la direction et l’équipe technique, et sera en liaison avec les actionnaires stratégiques sur les priorités d’exploration et la création de valeur à long terme. La société a également annoncé que Kerry Sparkes prendra sa retraite du Conseil à compter du 30 novembre 2025 ; Sparkes a rejoint le conseil en tant que conseiller technique en juin 2021 et a été nommé au conseil en septembre 2022, ayant récemment occupé le poste de président du Comité de rémunération et de nomination.
AuMEGA Metals (OTCQB: AUMMF) kündigte die Einrichtung eines Technischen Ausschusses des Vorstands an, um die strategische Aufsicht über seine Explorationsprogramme in der districtweiten Liegenschaft in Neufundland und Labrador zu stärken.
Der Ausschuss wird mindestens drei Direktoren mit geologischer und bergbaulicher Expertise umfassen, mit dem Management und dem technischen Team zusammenarbeiten und mit strategischen Aktionären über Explorationsprioritäten und langfristige Wertschöpfung in Kontakt stehen. Das Unternehmen gab außerdem bekannt, dass Kerry Sparkes am 30. November 2025 aus dem Vorstand ausscheiden wird; Sparkes trat im Juni 2021 als technischer Berater in das Unternehmen ein und wurde im September 2022 in den Vorstand berufen, zuletzt als Vorsitzender des Vergütungs- und Nominierungsausschusses tätig.
شركة AuMEGA Metals (OTCQB: AUMMF) أعلنت عن إنشاء لجنة تقنية في المجلس لتعزيز الرقابة الاستراتيجية على برامج الاستكشاف الخاصة بها عبر موقعها الإقليمي على مستوى المقاطعة في نيوفاوندلاند ولابرادور.
ستضم اللجنة ما لا يقل عن ثلاثة مديرين يمتلكون خبرة جيولوجية ومعدنية، وستعمل مع الإدارة والفريق الفني، وستتواصل مع المساهمين الاستراتيجيين بشأن أولويات الاستكشاف وخلق القيمة على المدى الطويل. كما أعلنت الشركة أن كيري سباركس سيعتزل من المجلس في 30 نوفمبر 2025؛ انضم سباركس كمستشار تقني في يونيو 2021 وتم تعيينه في المجلس في سبتمبر 2022، وأخيراً شغل منصب رئيس لجنة التعويض والترشيحات.
- Technical Committee formed to strengthen exploration oversight
- Committee minimum size of three directors with geological expertise
- Kerry Sparkes contributed to exploration strategy since 2021
- Board experience reduced when Kerry Sparkes retires 30 November 2025
- No immediate replacement announced for outgoing Remuneration and Nomination Committee chair
Edmonton, Alberta--(Newsfile Corp. - October 30, 2025) - AuMEGA Metals Ltd (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) ("AuMEGA" or "the Company") advises that it has established a Technical Committee of the Board of Directors to enhance strategic oversight of the Company's exploration programs across its district-scale land position in Newfoundland and Labrador, Canada.
The Technical Committee will comprise at least three Directors with deep geological and mining expertise and will work closely with management and the Company's technical team. The Committee will also serve as a liaison with key strategic shareholders to ensure alignment on exploration priorities and long-term value creation.
The Company also advises that Mr. Kerry Sparkes will retire from the Board effective 30 November 2025, as he steps back from public company roles to focus on personal commitments.
Mr. Sparkes joined AuMEGA as a technical advisor in June 2021 and was appointed to the Board in September 2022. He served most recently as Chair of the Remuneration and Nomination Committee and played a key role in shaping AuMEGA's exploration strategy in Newfoundland and Labrador.
AuMEGA Metal's Chair, Justin Osborne commented:
"Kerry has made several contributions in AuMEGA's journey. As a Newfoundlander with an exceptional technical and industry background, his guidance and perspective have meaningfully contributed to the Company's progress. On behalf of the Board, I thank Kerry for his service, integrity, and commitment, and wish him the very best."
Outgoing Non-Executive Director, Kerry Sparkes commented:
"It has been a privilege to contribute to AuMEGA's growth over the past several years. I continue to believe in the potential of the Company's portfolio and in the strategy and capability of the Board and management to unlock value. I look forward to supporting the Company as a committed shareholder as it advances its exploration programs."
This announcement has been authorised for release by the Company's Board of Directors.
To learn more about the Company, please visit www.aumegametals.com, or contact:
Sam Pazuki, Managing Director & CEO
Canada Phone: +1 780 665 4925
Australia Phone: +61 8 6117 0478
Email: info@aumegametals.com
About the Company
AuMEGA Metals Ltd (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) is utilising best-in-class exploration to explore on its district scale land package that spans 110 kilometers along the Cape Ray Shear Zone, a significant under-explored geological feature recognised as Newfoundland, Canada's largest identified gold structure. This zone currently hosts Equinox Gold's Valentine Gold Project, a multi-million-ounce deposit which is the region's largest gold project, along with AuMEGA's expanding Mineral Resource.
The Company is supported by a diverse shareholder registry of prominent global institutional investors, and strategic investment from B2Gold Corp, a significant, intermediate gold producer.
Additionally, AuMEGA holds a 27-kilometre stretch of the highly prospective Hermitage Flexure and has also secured an Option Agreement for the Blue Cove Copper Project in southeastern Newfoundland, which exhibits strong potential for copper and other base metals.
AuMEGA's Cape Ray Shear Zone hosts several dozen high potential targets along with its existing defined gold Mineral Resource of 6.1 million tonnes grading an average of 2.25 g/t, totaling 450,000 ounces of Indicated Resources, and 3.4 million tonnes grading an average of 1.44 g/t, totaling 160,000 ounces in Inferred Resources1.
AuMEGA acknowledges the financial support of the Junior Exploration Assistance Program, Department of Industry, Energy and Technology, Provincial Government of Newfoundland and Labrador, Canada.
1 News release dated 30 May 2023
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272568
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